Singapore crypto job scam costs company $11.8 million
A fake cryptocurrency job offer that infected a company-issued device has led to US$11.8 million in losses after attackers gained access to corporate systems and...
Tag : Costs
Hong Kong crypto romance scam costs woman $3.3M
A Hong Kong woman reportedly lost around $3.3 million after an online romantic partner directed her to a fraudulent cryptocurrency investment platform. Summary 25 romance-linked...
MiCA compliance costs could trigger Europe’s next crypto M&A wave
Europe’s crypto market has moved beyond the race to secure a Markets in Crypto-Assets licence. Summary MiCA’s transition ended July 1, leaving unlicensed firms to...
Orbs V5 Debuts as Layer 3 Hybrid on Ethereum & Arbitrum to Cut DeFi Gas Costs
Orbs has launched its V5 upgrade on Ethereum and Arbitrum, deploying a Layer 3 hybrid architecture that offloads complex DeFi execution logic off-chain while anchoring...
BoE deputy says tokenization could cut costs, boost competition
The Bank of England is stepping up its focus on digital money, with Deputy Governor Sarah Breeden highlighting tokenization as a potential way to reduce...
Bitcoin mining giants back Stratum V2 as costs rise
Seven major Bitcoin mining pools have joined the Stratum V2 working group as the industry seeks a common open standard for communication between pools and...
China court rules companies can’t replace employees with AI to cut costs
A Chinese court has ruled that companies cannot legally dismiss employees solely to replace them with cost-saving artificial intelligence tools, setting a clear boundary on...
OpenAI Fell Short of Its Own Targets as Compute Costs Piled Up: Report
In brief OpenAI missed internal targets for both weekly active users and annual revenue for ChatGPT, the Wall Street Journal reported Monday. CFO Sarah Friar...
ECB signs standards deals to cut digital euro access costs
ECB teams with ECPC, nexo and Berlin Group to reuse open payment standards, cutting digital euro integration costs and clearing the path to a 2027...
ECB signs standards deals to cut digital euro integration costs
The European Central Bank (ECB) said Friday it has signed agreements with three European standards bodies to reuse existing open payment standards for digital euro...